The Fed Is Looking for A Job Market Cooldown It Just Got One
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The Dow just hit 40,000. Here's a look at how it got here.
The Dow Jones Industrial Average reached a milestone Thursday that seemed unfathomable a year ago.NBC News - Top stories -
Market Froth Is Getting Extreme. Just Look at Meme Stocks.
When there’s a lot of money sloshing around the economy, it’s easy for new ideas to attract speculative money—and some of those ideas are just dumbThe Wall Street Journal - World -
Rents just surged 10% in this affordable housing market. It was ‘bound to happen,’ one economist says.
Renters are swapping high-cost cities with expensive rentals for more affordable markets, a Redfin report found.MarketWatch - Business -
Why the post-Fed stock-market rally is raising fresh inflation questions
The issue is whether Fed Chair Jerome Powell’s post-meeting remarks on May 1 — in which he said the central bank’s next move is “unlikely” to be a rate hike — are now easing financial conditions by so much that this ends up stalling progress on ...MarketWatch - Business -
Just one company sells Chinese-made EVs in the U.S. Here’s how it’s navigating Biden’s new tariffs.
Analysts emphasize that Sweden-based Polestar had been moving away from having its electric vehicles made in China before this month’s news about U.S. tariffs.MarketWatch - Business -
How compassion, not just free tuition, helped one Ohio student achieve his college dreams
Family tragedy nearly derailed Chris Rowland's college goals. But through all the missteps and blown opportunities, Pete Kadens stood by his side. Steve Hartman has their story in "On the Road."CBS News - Top stories -
Stock market looks strong enough to stay in this higher orbit
Momentum has taken over the moment.MarketWatch - Business -
U.S. citizen accused of helping North Korean IT workers infiltrate U.S. companies
Prosecutors said some of the affected companies were Fortune 500 corporations, including a major TV network, a defense company, and a car maker.CBS News - Top stories -
The class of 2024 is facing a tough job market. Here’s who’s hiring, according to LinkedIn
Despite the competition, industries experiencing staffing shortages like education and construction are still hiring new college grads, Linked reports.CNBC - Business -
The sudden revival of GameStop mania comes just as the U.S. financial industry is racing to fix a big problem with the market's plumbing that roiled investors during the original meme-stock craze in 2021.
The sudden revival of GameStop mania comes just as the U.S. financial industry is racing to fix a big problem with the market’s plumbing that roiled investors during the original meme-stock craze in 2021.The Wall Street Journal - World -
Kristi Got Her Gun
Governor Noem has an unusual way of demonstrating her decision-making skills.The New York Times - Top stories -
Britain’s got AI talent but that’s not enough
The ambitions may be homegrown yet the funds still come from abroadFinancial Times - World - United Kingdom -
The Fed's Miracle Is Finally Back on the Table
Inflation is lower after months of hot readings, and investors love it.Inc. - Business -
Cardi B on Biden: 'People got betrayed'
She voted for him in 2020, but Cardi B says she's experienced "layers and layers of disappointment" since Joe Biden became president. "I feel like people got betrayed," the "WAP" rapper said in an interview with Rolling Stone published Thursday. ...The Hill - Politics - Joe Biden -
How the 'B Movie' Got Its Name
‘King of the Bs’ Roger Corman objected to that label for his low-budget films, but they carried on a tradition from the early days of cinemaThe Wall Street Journal - World -
The WSJ Dollar Index Was Flat at 99.16
The WSJ Dollar Index was flat at 99.16, and was down four of the past five trading days.The Wall Street Journal - World -
Fed’s Powell tests positive for COVID-19 for second time
Federal Reserve Chairman Jerome Powell contracted COVID-19 for the second time and is working from home while he recovers, the Fed said Friday.MarketWatch - Business